Re:/r/antiwork: A tragedy of sanewashing and social gentrifi...
by tomrod on Monday February 07, 2022 @11:43AM
(#30247271)
At face value, and with traditional neoclassical economics, it does appear to be an infeasible facade. Ex nilho creation of Robison Crusoe style goods.
From a practical reality, we already have a UBI of $0 guaranteed, and with time cost that increases if people want to seek welfare benefits. A UBI could be implemented, potentially, solely on streamlining of processes to decrease the costs of welfare benefit search.
Likely a realistic funding would be a mix of improving services delivery (lowering costs) and taxation of capital holders (offset some of the gains that put labor out of work). Under neoclassical theory, there are major differences in the two workhorse models of overlapping generations versus infinitely lived agents. An OLG model better approximates groups of people and their lifecycles.
In my view, this is a slow-burn fight w/in the optimal taxation literature, based solely on the papers themselves and having not participated in the conferences!
From a practical reality, we already have a UBI of $0 guaranteed, and with time cost that increases if people want to seek welfare benefits. A UBI could be implemented, potentially, solely on streamlining of processes to decrease the costs of welfare benefit search.
Likely a realistic funding would be a mix of improving services delivery (lowering costs) and taxation of capital holders (offset some of the gains that put labor out of work). Under neoclassical theory, there are major differences in the two workhorse models of overlapping generations versus infinitely lived agents. An OLG model better approximates groups of people and their lifecycles.
In my view, this is a slow-burn fight w/in the optimal taxation literature, based solely on the papers themselves and having not participated in the conferences!
[1] https://www.nber.org/papers/w24335
[2] https://ideas.repec.org/p/red/sed019/258.html